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getting confused please help. Based on the following information (in scrambled order).compute the ending inventory at cost using (1) the conventional retail method and (2)
getting confused please help.
Based on the following information (in scrambled order).compute the ending inventory at cost using (1) the conventional retail method and (2) the cost retail method. You should round the cost-to-retail ratios to four decimal places, eg. 0.345678-0.3457 or 34.57%. In your final answer, separately indic (a) ending invetory at retail, (b) cost-to-retail ratio, and (c) ending invetory at cost. Summarize your answers on the bottom of page. ket 3060 At retail At cost Inventory, Beginning $5,200 $12,000 untery 3,700 800 Purthases Markup cancellations Freight-in Markdowns cancellations Mark-ups Normal damage Sales Purchases 4,700 ddtinel marhus 64,600 mar an Cne+) 82.350 normal SPD. ISI 5,300 Soles 46,720 Co+thd Markdowns 520012p00 -16,730 3,700 12 co 53u0) LI 8705O CYA GAF?55,610 2, 55u GH Co 3, 650 Answer: (You should also provide your work to support your answers) (c) Ending inventory a cost Method 1) Conventional retail 3,50 2) Cost retailStep by Step Solution
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